Binance News: Crypto Exchange Has Good News For #Tron Users –

The largest cryptocurrency exchange in terms of trading volume, announced on Saturday that it had reset the withdrawal limits on the Tron network to their previous levels in response to community feedback. Earlier, Binance had stated that it would be hiking fees following a vote by the Tron DAO to alter the energy charging method that is used on the network.

In an official statement released by the centralized exchange, Binance noted that it has collaborated with the team working behind the Tron project to find a solution for minimizing withdrawal fees on the network while making it easier for users to transact through the exchange.The exchange announced on Friday that it would be increasing fees following a vote by the Tron community to change the energy charging mechanism on the Tron network to a dynamic energy model. This model is intended to be more reasonably charged for energy resources on the chain and prevent excessive concentration of network resources on a few contracts.

According to a statement made earlier on Saturday, Justin Sun, the founder of Tron network, stated that the company is committed to developing a network that is “cheap, fast, and secure”. However, as a result of the recent switch from a static to a dynamic energy charging model, Binance has modified the fees associated with making withdrawals on the TRON network. Additionally, he mentioned that he was collaborating with Binance in order to lower the fees.

We are working closely with #BinanceSquareTalks and actively exploring solutions that would reduce withdrawal fees of TRON stablecoins and tokens on the exchange.

We remain committed to making crypto trading more affordable for everyone.As things currently stand from the recent Binance news, the withdrawal fees for #USDT #usdc and #TUSD remain the same at 1 U.S. dollar value; as far as BUSD is concerned, the fee is chalked out at 0.8 BUSD. Furthermore, the fee levied on the TRON token has been dropped from 15 to 1 TRX.$ETH $TRX $USDC